The Nigerian naira depreciated slightly against the US dollar on Monday, June 23, in both the official and parallel markets, reflecting persistent pressure and volatility in the country’s foreign exchange environment.
The Nigerian naira extended its gains against the US dollar on Monday, June 16, appreciating in both the official and parallel markets amid continued volatility in the country’s foreign exchange landscape.
Naira Strengthens Further, Now N1,490/$ on Parallel, N1,502/$ on Official FX Markets
The naira has strengthened consistently over the past three weeks, reflecting improved stability and confidence in Nigeria's foreign exchange market.
Precisely, on the parallel market, some FX dealers in Lagos traded the naira at...